Real GDP was a miniscule 0.4 percent at an annual rate for last year’s fourth quarter, up from an earlier estimate of 0.1 percent. Perhaps more to the point, the year-on-year GDP change is only 1.7 percent, less than the 2 percent average growth of the Obama recovery, which is still the weakest in modern times going back to 1947.
While this penguin question strikes me as the oddest of the oddball questions, it does have some real competition. For example, when you interview for a job at Amazon, expect to be asked how you would respond to this highly likely event -- "Jeff Bezos walks into your office and says you can have a million dollars to launch your best entrepreneurial idea. What is it?"
At three years old, Obamacare is as bad as ever. John discusses the implementation of the law with Nicole Kaeding from Americans For Prosperity. John also explains why Cyprus will not fade from the news cycle anytime soon.
I don’t give stock tips, but I did explain what my research had found: that one of the most important things to look at when one is compiling a portfolio is the country in which a company is domiciled.
Before I give you some guidance about how to broach this delicate subject with your brother, I want to point out that there are significant practical and tax implications when you lend money to your friends or family.
Cyprus decided to move forward with seizing bank deposits to fund a bailout. But how big of a deal is this? John Ransom also spoke with Andrew Langer from the Institute for Liberty about the nexus of Big Business and Big Government.
With liberal ideas firmly in the saddle, civilizing us, so to speak, we no longer applaud Depression-era bank robbers. Instead, today, we send them to Congress, or parliament, or the legislature, where governments try to achieve folk hero status by robbing banks and depositors alike.
Via Executive Order 6102, the government confiscated all gold and gold certificates, exchanging them for paper. Consequently, if you didn’t surrender your gold, you went to jail. The price of gold was set at $20.67 per ounce.
By a 526 to 86 vote, the nannycrats in Brussels just passed a regulation that will require a country to accept a bailout if offered.
I don’t think John McCain would appreciate you calling him a woman. I know I don’t appreciate it. I think it’s much better to call him either: 1) a Hobbit; or 2) a Wacko Bird.
It’s not your fault. You screwed up; you’re a liberal. You’re probably a product of public education, Catholic guilt, or protestant gilt. I played a trick on you and you fell for it. Like most liberals you have a problem with both math and common sense. You really think that the government needs the money more than people who need to save for retirement.
No wonder consumer confidence is moving up. The government is lying about something, anything, and the people are buying it. So here’s to the margin of error, government economists and a smaller labor participation rate. Thanks to them we’ll tackle unemployment for twice as long, with half as many jobs. And no one will notice.
One of the first things one notices, if one is a regular viewer of BBC productions, is that Downton is unusually ideologically and religiously balanced. One of the other effects one notices when one watches a lot of BBC is that one starts referring to oneself in the third rather than the first person.
I really shouldn't write this column. I really shouldn't write anything. Or say anything. And neither should you. Expressing yourself can land you in the express lane to unemployment.
The biggest storm we’ll face won’t be Nemo, in other words; it will be the blizzard of pseudo-scientific, trash journalistic, moralizing, hypocrisizing and hyperventilating rain of ink that will tie the storm to the effects of global warming.
To suggest that this is inflationary is a complete fantasy. It is aimed at stopping deflation. Over the past three years, nominal GDP in Japan has been roughly flat. In other words, total spending for the economy has been nil.
Despite the farcical forecasts of government economists, Columbia journalism students, and assorted illiterate money scribblers of all varieties, this is not the best recession in the history of mankind. The best recession in the history of mankind would be a recession minus Barack Obama as president of United States.
All of us hayseeds have thought all long that raising taxes right now, while the world teeters on the brink of a global depression, might be a really bad idea. But it turns out that we were wrong says a coalition of government economists, politicians, liberal media-types, union bosses and elite business executives who get to shelter their earnings from tax increases.
At the first presidential press conference Obama says he won a mandate to move his balanced approach forward by raising the tax rates on the wealthy and implementing spending cuts to avoid the fiscal cliff.
President Obama lost it more or less challenging John McCain and Lindsey Graham to meet him behind the White House because they are opposed to Susan Rice being Secretary of State.
Japan's steady decline -- relative to other economies -- can be attributed to a pair of factors: A rapidly-aging population and a too-strong currency. These two factors are crimping demand for goods and services at home, as well as foreign demand for exports.
China- still a communist country- has vaulted over Japan as the Asian economic power that matters most. And there is only one explanation for a communist, semi-medieval country like China to overtake a supposedly free and prosperous Japan: There are more Ivy League-educated, modern, Keynesian economists in charge of Japan, than in China.
Tampa-Socialite-Jill Kelley, who stars as Paris Hilton in this show, should no longer have access to anyone above the grade of E-3 until she is willing to answer a few questions herself. Like this one: Jill, have you ever considered not using email at all? At least not with men?